Stock Futures Higher as Micron Stock Extends Rally

Stock futures are firmly higher this morning, with the potential for all three major indexes to notch more records today. Micron Technology (MU) is continuing to surge after hitting a $1 trillion market-cap level yesterday, last seen up 6.6% before the bell, while South Korean chip name SK Hynix entered the $1 trillion club overnight as well.

Investors are cautiously optimistic about a peace deal in the Middle East and the reopening of the Strait of Hormuz, after a report surfaced that an Iran agreement would include a full restoration of traffic within one month. In response, West Texas Intermediate (WTI) is slipping, now below $89 per barrel. 

Continue reading for more on today's market, including:

• A closer look at 3 quantum computing stocks.
• Nike stock could soon pull back to this support level. 
• Plus, two stocks making outsized post-earnings moves; and Insulet stock slips on pod recall. 

5 Things You Need to Know Today

1. The Cboe Options Exchange saw more than 3 million call contracts and 1.4 million put contracts traded on Tuesday. The single-session equity put/call ratio fell to 0.47, while the 21-day moving average stayed at 0.59.
2. Zscaler Inc (NASDAQ:ZS) is down 25.7% premarket, brushing off better-than-expected fiscal third-quarter earnings and revenue on disappointing guidance. In response, a flood of analysts chimed in with price-target hikes, with the lowest from Morgan Stanley to $145 from $155. Coming into today, ZS is down 17.9% year to date. 
3. Bath & Body Works Inc (NYSE:BBWI) is up 11.7% before the bell, after the retailer posted a first-quarter earnings and revenue beat and a strong outlook. The company also announced the departure of its chief financial officer. Since the start of the year, BBWI is down 11.7%. 
4. Shares of Insulet Corp (NASDAQ:PODD) are off 3.1% in electronic trading, after the medical device company recalled 7 million Omnipod insulin pods due to leaking. PODD hit a two-year low earlier this month, and is down 45.9% in 2026 so far. 
5. Plenty of economic data is scheduled for this week. 

Auto Stocks Give Bourses a Boost

Asia-Pacific markets finished mixed Wednesday as investors weighed the latest U.S. military strikes in Iran and ongoing uncertainty surrounding the ceasefire. Japan’s Nikkei ended little changed, paring gains after earlier touching a new record high. South Korea’s Kospi jumped 2.3%, lifted by chip stocks and gains in Samsung Electronics after workers approved a tentative wage deal. Meanwhile, Hong Kong’s Hang Seng fell 1.1%, while China’s Shanghai Composite slipped 1.3%.

European markets are trading higher Wednesday, with auto stocks rising across the region, thanks to a 5.1% year-on-year rise in new car registrations in the European Union (EU). Germany’s DAX is up 0.2%, France’s CAC 40 has added 0.7%, and London’s FTSE 100 is sporting modest gains.